Indianapolis Times, Volume 43, Number 35, Indianapolis, Marion County, 20 June 1931 — Page 10

PAGE 10

STOCK SHARES SELL HIGHER IN QUIET SESSION Rails Show Heavy Tone on Protests Against Hike in Rates.

Average Stock Prices

Average of thirty Industrial for Thursday was 130.56, off 3.12. Average of twenty rails was 78.16, off 1.00. Average of twenty utilities was 53.85, off 1.10. Average of forty bonds was 95.13, up .18. BY ELMER C. WALZER United Press Financial Editor NEW YORK, June 18.—Heaviness in railroad shares and strength in oils featured today’s session on the Stock Exchange. Dealings continued on a small scale, with sales volume sliehtly above p. million shares. According to preliminary calculations the Dow-Jones Cos. industrial average declined .24 points to 130.32; rail average declined 1.42 points to 74.74 and utility average declined .17 points to 53.68. Sales totaled 1,100,000 shares, compared with 1.100,000 shares on Thursday. Cotton futures spurted late in the day on spirited short covering induced by lack of rain in the cotton belt. Wheat drifted down, but rallied to close about steady after the July position had made anew low since 1895. Bonds eased off with selling again coming into the foreign issue. Day Is Irregular Stocks were irregular throughout the day. Industrials moved back and forth over a small area. Ralls weakened on influx of numerous protests against the proposed increase in freight rates. Oils were helped by successful efforts to eliminate the price war on the coast. Utilities moved with the industrials and motors held in a relatively harrow range. Overnight developments Included reduction of $71,000,000 in brokerage loans; official confirmation by International Telephone and Telegraph they were buying into Ericsson Telpehonc Company of Sweden, and a rise in production of copper in May as compared with April. Oil shares were strong throughbut the day with the widest gain in Standard Oil Company of California. The latter company, which ■was among the first to cut prices in the recent gas war, today announced advances ranging to more than 5 cents a gallon and also revised upward its price for purchases of crude petroleum. Oil Group Strong California oil company shares generally moved up with Standard of California and a firmer tone was noted throughout the entire group on both the Stock and Curb Exchanges. Bonds of oil companies worked against the general trend in the securities market. In the railroad list losses extending to more than four points were recorded in the leading issues, including Atchison, Union Pacific and New York Central. Others were down fractions to more than a point. Part of the losses were made up before the close. United States Steel developed firmness In the late trading, rising to around 88 against a previous close of 87'4. It failed to hold the gain, however.

Bank Clearings

—June 19— INDIANAPOLIS STATEMENT Clearings $2,171,000.00 Debits 5,272,000.00 CHICAGO STATEMENT Clearings , , . ,$57,400,000.00 Balances 6,100,000.00 TREASURY STATEMENT Net balance for June 17 $438,373,574.24 Expenditures 23,333,242.17 Customs rect. mo. to date . 15,677,085.89 New York Liberty Bonds —June 19— B%s . 102 20 Ist 4>s 103 13 4th 4%s 104.30 Treasury n%s 114. Treasury 3%s 101.15 Treasury 3%5, '43 (June) 103.2 Tresaurv 3%S of ’47 103.7 Treasury 3%s of ’43 103.00 NEW YORK COFFEE, RANGE —June 19— • High. Low. Close. January 6.32 6.31 6.32 March 6.36 6.21 6.36 May 6.34 6.25 6.34 July 5.98 5.86 5.93 September 6.16 6.00 6.16 December 6.31 6.16 6.31

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New York Stocks B* Thomson £ McKinnon' 111

By United Press NEW YORK, June 19.—Sales on the New York Stock Exchange today totaled 1.100,000 shares; Curb stock sales totaled 190.000. —Juns 19— Railroad*— Prev. High. Low. Close Close Atchison 153 1 a 149‘. 150 153% Balt £ Ohio 53 51% 51% 53% Chesa £ Ohio .. 34', 33 33'a 34% Chesa Corp .. 35'* 33% 34 35'a Chi Ort West 5% 5' * 5% 5-4 Chi N West... 29% 29% 29 s * 30'g C R I £ P . 33 31% 33 33 Del L £ W 52 52 Del £ Hudson...ll9 118% 118% 121 Erie 18 18% Great Northern 48% 17% 48% 49% Gulf Mob £ OH 15 Illinois Central 44% 41% 44% 45% Lou £ Nash 70% M K £ T 13% 13% 13% 14 Mo Pacific ... . 18% 18% 19% 19% Mo Pacific pfd 60 N Y Central. . 84% 81% 82% 84% NY NH £ H 73 70% 71 Vs 73% Nor Pacific 38% 35% 33% 37% Norfolk £ West 181 164 O £ W 9% 9% 9% 9% Pennsylvania 47% 45% 46 47% Seaboard Air L % 3% % So Pacific 78% 7G% 77 78 Southern Ry ... 32 31% 32 32 St Paul 4% 5 St Paul pfd 8 St L £ S F 18 18 16 Union Pacific ...155% 152 152 155% Wabash 10% ... W Maryland ... . 10% Equipments— Am Car £ Fdy.. ... 18% 16% Am Locomotive.. 16% 15% 16% 15% Am Steel Fd ... . 15% Am Air Brake S. .. 27% 27% Gen Am Tank . 56% 56 56% 56% General Elec . 38% 38% 33% 38% Gen Ry Signal 52 Lima I.oco . 23% Press Stl Car 3% Pullman 36 35=* 16 36% Westir.gh Ar B 23% 23% 23% 23% Westingh Elec 57 55% 55% 55% Rubbers— , Firestone , 18% 18% Fisk .. % Goodrich 10*'* 10% Goodyear 34 32% 33 33% Kelly Sprgfld . 1% 1% Lee Rubber 3 U S Rubber 11 s ; 11% n% 11% Motors— Auburn 155 149% 152V* 158 Chrysler is% 17% 17% 17% Gardner % s, Graham Paige .. 3% 3% 3% 3% General Motors 34 33% 33% 33 s /3 Hudson 13% 13% Hupp 7 7 Mack 30% 30% 30% 31% Marmon 3% 3 s , 3% 3% Nash 24% 24% 24% 24% Packard 7 6% 6% 7 Reo 6% 6 6% 6 Vi Studebaocr . . 16% 16% 16% i6’'-> Yellow Truck.. 7% 7% 7% 7% Motor Access — Bendix Aviation 16% 15% 16 16% Borg Warner 17% 17 17% 17% Briggs 11% 10% 11% 11% Eaton 12V, 11% 12% 12% El Storage B . 54% Houda 4% 4% 4% 47Motor Wheel . .. .. ~. roii Sparks W BVi 8 8 8% Stewart Warner ... . 9% Timken Roll . 33 32 V 33 33 Mining— Am Metals ... 9 Am Smelt 27% 27% 27% 28% Anaconda Cop. 21% 20% 20% 20% Cal & Hecla 6 5% 6 5% Cal £ Ariz .. .. 26 Vi 27 Dome Mines 12% 12 12% 11% Freeport Texas. 24% 23% 24% 24% Granby Corn 10% 10% Great Nor Ore, 18V* 18 18 18 Howe Sound 16% 16 16 16 Int Nickel 11% 11% 11% ll y 2 Kennecott Cop. 16% 16% 15% 16% Miami Copper 5 Nev Cons 77$ 7% 7% 8 Texas Gul Sul. >31% 31% 31% 31% U S SRmelt 14% 14 14 ... Oils— Amerada 15% 15% 15% 15% Am Republic . 6% 6 6% 6% Atl Refining . 14% 13% 13% 13% Barnsdall .. ~ 7% 6% 7% . Houston 7% 7% 77$ 7i/ a Indian Refining . 2% Ohio Oil , . , s% Mex Sbd 14% 13% 13% 13 Mid Conti 8% 8 BVi .. . Phillips 6% 6% 6% 6% Pr Oil £ Gas.... 9 Pure OH 6% Richfield 1% 1% 1% " ji; Royal Dutch ... 26 25% 25% 26% Shell Un 6Vi 6 6 51% Sinclair 8% 7% 7% 7% Skelly ... 4% . Standard of Cal 37% 35% 36 34 Standard of N J 35% 34% 35 34% Standard of N Y 15% 15% 15% 15% Texas Cos 20V, 19% 20% 29 Union Oil 19% 18% 18% 17% Steels— Am Roll Mills. 17% 16% 16% 17% Bethlehem 41% 40% 41 % 41 Byers A M. 28% 27% 23% 23% Colo Fuel 12*2 Cruuc Steel 36% '37 Midland is Reoubl £S. 11% n% 11% ii% U S Steel 87% 86% 86% 87% Vanadium ... 27% 26% 27 27 Youngst S & T ... 45 Tobaccos— Am Sumatra 7% Am Tob A new' 105% 105% 105 V, 105% Am Tob B new 110% 109 110% 109% Con Cigars 33% General Cigar 33 Lig £ Myers B 65% 64 % 65 65% Lorlllard .... 14 137** 14 13% Phil Morris... ... io% Reynolds Tob . 48 47% 47% 47% Scd Com Tob .. 2% 2V, 2% Tob Pr A 10% United Cig ... 4 Utilities— Abltibi 5% 5 5 4% Adams Exp .. 13% 13V 4 13% 13% Am For Pwr ... 24% 24 24% 24% Am Pw'r Li. . 32% 31% 32% 32 AT £ T 166 164 1 /* 164% 167% Col Gas & 1.. 26 25% 25% 25% Com £ Sou .. 8 7% 8 8% El Pwr & Ll.. 35% 34% 34% 34% Gen Gas A .... 4% 4% 4% 4% Inti T£ T , 27% 35% 26% 37% Natl Pwr &Lt 23% 23% 23’/, 23% No Amer Cos 62 61 % 62 62 Pec Gas &El 43% 43 43% 43% Pub Ser N J 79% 78% 78% 79' So Cal Edison 41% 4C% 41% 41% Std G£ El ... 60 59% 59% 59% United Corp ... 21% 20% 21% 31% Ut Pwr £L A 23% 22 23% 32% West Union .. 107 104V* 107 106% Shipping— Am Inti Corp.. 11% io?;, u Am Ship £ Com . . % Inti Mer M pfd 9 United Fruit 55 53% 53% ’55 Foods— Am Sug ... 43 48 Armour A 1% 1% 1% 1% Beechnut Pkg. 60V2 £ a n Dry 4040% Coca Cola 142% 142 142% 142'V Cont Baking A 12% 12% 12% 12% Corn Prod 63% 63 63 Vi 63% Cucahy Pkg 4040 Cuban Am Sug. 3% 3% 3% 3% Gen Foods 46% 46% 46% 46% Grand Union... 14% 14Vi 14% 14% Hershey 91 90% 90% 92 •Jewel Tea ... 38% 38% 38% 39 Kroger 25 V, 25% 25% 25% Nat Biscuit 63% 61% 62% 64% Pillsburv 27% Purity 8ak..... 29% 27% 29% 29% Safeway St ... -to Std Brands. . 17 16 s * 16% 16% Ward Bkg 3% 3% Drugs— Cotv Inc 7Vi ... Lambert C 0... 64% 3% £*% .3 Lehn & Fink... 25 24 25 24% Industrials— Am Radiator... 12V* 12 12 12% Bush Term 21 21% Gen Asphalt. 19% 19 19 19 Otis Elev 35 34Vi 34% 35 Indus Chems— Allied Chem ...114% 112 113% 113% Com Solv 12% 12% 12% 12% Union Carb. 47% 45% 46% 47% U S Ind A1c0... 25% 24% 75% 25% Retail Stores— Assoc Dry Gds. . 19% Gimbel Bros 5% 5 5% 5 Kresge S S 26% 26% 26'* 26% May D Store 31% 31 31% 31% Mont Ward .., 18V, 17% 17% 13 Penny J C 32% 32% 33 Schulte Ret St 5% ...

Sears Roe 50% 49% 50% 50% Woolworth 66% 64% 65% 66 Amusements— Col Graph 7% 7 7V, 7 Eastman Kod ..129% 127 127'* 123% Fox Film A .... 18% 17% 18% 18% Grigsby Gru ... 3% 3% 3% 3% Loews Inc 39% 38% 38% 33% Param Fam 22% 20% 22% 22% Radio Corp 14% 14 14% 14% R K O 12% 12% 12% 12% Schubert 32% 3 Warner Bros ... 7% 7% 7% 7% Miscellaneous— City Ice £ Fu.. 30% 30 30% 30 Cohgoleum 10% 10% Am Can 100% 98% 99% 99% Cont Can 46% 45% 45% 46% Curtiss Wr 2% 2% 2% 2% Gillette SR... 23% 23% 24% 23 Real Silk 6% Un Aircraft 24% 22% 23% 23% Int Harv 39% 38% 33% 40

Chicago Stocks

<By James T Hamlii & Cos 1 -TOTAL SALES. 48.000 SHARES —June 19— , High. Low. Close. Art Metal Works 4% 4 4% Assoc Telephone Util .. 23% 23% 23% Bendix Aviation 16% 15% 16 Binks Mig 5 Bore Warner 17% 17 i7% Butler Bros 4% 4% 4% Cent Pub Serv Class A 11% ' Cent &So W’est 15 14V, 15 Cities Service 10% 10% 10% Commonwealth Edison 198% 195% 197 Const Materials pfd 26% Continental Chicago .. 4% 4% 4% Cord Corp g 7% 7% Corp Securities ctfs ... 14% 14% 14% Electric Hhousehold ... 17% 16 16% Glearner 1 Great Lakes Aircraft... 3% 3% 3% Grigsby Grunow 3% 3% 3% Insull Util Invest 25=8 24% 25% Insull Ut In pfd 2d Ser 72 71 72 eJfferson Elec 15% . Ken Rad Tube & Lamp 3 Libby McNeil 10% 16 "i6 Mid West Util IG% 15% 16V* Midland United ... 19 18% 19 Mls-Kan Pipe Line 4V, .. Modlne 23 Nat Family Stores ... 3% 3% ' '3% Nat Shareholders 63 National-Standard 29% 23% '29% Noblltt-Sparks Ind Ir.c 31% No Amer Li £ Power ~ 63% Parker Pen 14% Pines Winterfront 15 12% is 03 .. %fL!6S6EhN% Nriesust emfwyp Ryerson £ Son 19 Southern Union Gas... 7 6% ' 6% Standard Dredging Cos. 2% .. Swift £Co 25% 35V, 25% Swift International ... 33 32% 33 Unit Corp of Am ... . 2% United Gas Corp ..... 6% U S Gypsum, Com 36% U S Radio £ Tel .18% Utah Radio 22 Utility & Ind 5% Utility & Ind pfd 15=* Walgreen Cos com 16% ’i6% ’i6% Yates Machine 2% .

Local Wagon Wheat

City erain elevators are payinir 68c for ..o. 1 red vheat and 66c for No. 1 hard wheat.

Dividends Declared

The board of directors of the Northern Indiana Public Service Company has dej, , the following regular quarterly dividends cn the various classes of its preferred stock: One and three-quarters per cent on each share of the outstanding 7 per cent preferred stock. One and one-half per cent on each share of the outstanding 6 per cent preferred stock. One and three-eights per cent on each share of the outstanding 5*4 per cent preferred stock. These dividends are payable July 14. l||L to stocKholders of record June 30. The Board of Directors of the Public Service Company of Indiana, formerly the interstate Public Service Company, has declared the regular quarterly dividend of sl.o per share on the outstanding *7 cumulative prior preferred stock of the company, payable July 15. 1931. to stockholders of record June 30. 1931.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, June 19.—Void of stimulating developments, the market continued a meaningless affair. Prices drifted lower early, with pressure mainly professional. Weakness in the rails was more pronounced and contributed considerably to the heavy tone of the general market. There was nothing to account for the selling of the rail shares unless it was desire to wait and see how vigorous 'will be the protests against the proposed freight rate increases. Otherwise, the news that the Interstate commerce commission had already begun to act upon the rate petition and that further progress on the eastern consolidation had been made at this week’s meetings was encouraging. Very likely causing as much hesitancy as anything are the numerous dividend meetings scheduled for next week. Uncertainty over the outcome of various important dividends 'doubtless is influencing investors to hold somewhat aloof. In our opinion, the worst in this respect is pretty well discounted. In fact, we feel the surprises are more likely to come from action less drastic than anticipated. For those inclined to be impatient, the market undoubtedly is exasperating. Nevertheless, we believe better things are in the making and in due time will come to the surface. Other Livestock By United Press CHICAGO. June 19. —Hogs—Receipts, 18.000: Including 5,000 direct; opened steady on best light weights, later trade, 15c to mostly 25c lower: heavies off most; ton. $7.65; earlv bulk. 140-320 lbs.. $7.40@ 7.60: later trade down to $7.25; 230-270 lbs.. [email protected]; pigs. $7.10(3i7.50: packing sows. $5.15@6; light lights. 140-160 lbs., good and choice. $7.25(37.65: light weiehts, 160-200 lbs., good and choice. $7.25(37.65: medium weights. 200-250 lbs., good ana choice. [email protected]; heavy weights, 250-350 lbs. good and choice. [email protected]; packing sows. 275-500 lbs., medium and good. $5.15 ,?6: slaughter pigs. 100-130 lbs., good enc choice. $7.10(37.50. Cattle—Receipts. 3,000; calves, 1.000: light weight steers, firm; heavies weak; she stock, weak to lower; bulls and vealers. steady; package yearling steers. $8.60. Slaughter cattle and vealers—Steers. 600-900 lbs., good and choice. 57.75@9; 900-1100 lbs., good and choice. s7.s<Ki9; 1100-1300 lbs., good and choice, [email protected]; 1300-1500 lbs., good and choice. $7(38.50: 600-1300 lbs., common and medium. $6(37.25; hifers. 550-850 lbs., good and choice. $738.50; common and medium. [email protected]: cows, good and choice. $4,253 6: common and medium, $3.50514.25; low cutter and cutters, $2.2533.50: bulls, yearlings excluded, good and choice, beef. $4 ®4.50: cutter to medium. $3.2534.25; vealers, milk fed. good and choice. $839.25: medium. $65038: cull and common. $53 6.50. Stocker and feeder cattle—Steers. 5001050 bs.. good anrchoice. $63 7.50; common and medium. $5 ©6. Sheep—Receipts. 9.000; mostly steady earlv; good and choice native lambs, 57.7558.50: top paid by city butcher; around 80-Ib. Idahoes,’sß.2s without sort: fed yearlings. [email protected]; some held higher. Slaughter sheep aixl lambs —Lambs. 90 lbs. down, good and choice. 57.5038.65: medium. $5.7537.50; all weights common $4.50®5.75: ewes. 90-150 lbs., medium to choice. SI 32.50: all weights, cull and common. [email protected].

Investment Trust Shares

<Bv Gibson A- Bernard) PRICES ARE TO 12 NOON C. S. T. —June 19Bid. Ask. Amer Found’s Corp Com 2% 3 Am <fc Gen Sec “A” 13 Am Inv Trust Shares 4% 5 Basic Industry Shares % 5% Corporate Trust Shares 4% S 1 a Cumulative Trust Shares 5% 6% Diversified Trustee Shares “A” 13% First American Corp 6% 7% Fixed Trust Oil Shares 3 5 a . . . Fixed Trust Shares “A’ 12% .. Inv Trust NY 6 7 Leaders of Industry Series “A” 6% .. Nation Wide Securities 5% 5% National Industry Shares 4 5 s 5% NAm Trust Shares 1 4** 5% Sel Am Shares 4% 5 Shawmut Bank Inv Trust 6 8 Universal Trust Shares 4’a s** Super Corn of Am Tr Sh "A” 5% 5% Fundamental Trust Shares ”A” 6 6% Fundamental Trust Shares "A” 8% 7 U S Elec Lt Prr “A" 27% 29% Births Bovs Antis and Viola Walsh. 1825 North State. Harold and Hazel Griffith. 1318 Holliday. Prentice and Julia Elum, 1909 Churchman. Girts John and Anna McCormick, 1412 North Oiney. \

THE INDIANAPOLIS TIMES

PORKERS MOVE UP 5 GENTS ON GOOD SUPPORT Cattle, halves and Sheep Show Little Change; Bids Steady. June Bulk Early Top Receipts 12. 57.15 7.35 $7.35 4.000 13. ---7.15® 7.35 7.35 3.500 15 6.956 7J5 7.15 5.000 16 6.95® 7.15 7.15 4.500 17 7.30® 7.50 7.50 4,000 18 7.30® 7 60 7.60 6.000 19 T OO® 7.60 7.70 7.000 Strength in evidence the last few days held hogs steady to 5 cents higher this morning at the city stock yards. The bulk, 14(f to 300 pounds, sold for $7.30 to $7.60; early top $7.70. Receipts were estimated at 7,000; holdovers were 191. Steer s were scarce and little changed in the cattle mart. Bidding held sharply lower on she stock. Receipts numbered 600. Vealers were unchanged at $8.50 down. Calf receipts were 700. Sheep showed no change with the bulk of better grade lambs selling at $7.50 to $8.50; a few small lots were held higher. Receipts were 1,103. Chicago hog market today held mostly steady, with a few early sales and bids strong at Thursday's average. Light weights generally around 10 cents higher. Fewearly sales on hogs weighing 150 to 180 pounds were $7.50 to $7.60. while heavy -eights around 203 pounds held up to $7.70. Receipts were estimated at 18,000, including 4,000 directs. Holdovers were quoted at 4.000. Cattle receipts 3,000. Calves 1,000 and steady. Sheep receipts were 9,000 and unchanged.

HOGS Receipts. 7,000; market, higher. —Light Lights—-(l4o-160) Good and choice. 7.40 —Light Weights—-(l6o-180) Good and choice... 7.60® 7.70 (180-200) Good and choice... 7.60® 7.70 —Medium Weights—-(2oo-220) Good and choice... 7.55® 7.60 (220-250) Medium and g00d... 7.50® 7.55 —Heavy Weights—-(2so-290) Medium and g00d... 7.30® 7.40 (290-350) Medium and good.. 7.G5® 7.30 —Packing Sows— . (275-500) Medium and g00d... 5.00® 6.00 (110-130) Slaughter pigs 7.15® 7.30 CATTLE (Slaughter Class) Receipts, 600; market, steaihr. - * —Steers— Good and choice $ 7.25® 8.75 Common ar.d medium 5.50® 7.25 (1.100-1.500) Good and choice 7.00® 8.50 Medium 6.00® 7.00 —Heifers—-(soo-850) Good and choice 7.00® 8.50 Common Bnd medium 5.00® 7.00 —Cows— Good and choice 5.00® 5.75 Common and medium 4.00® 5.00 Low cutters and cutters 2.50@ 4.00 —Bulls (yearlings excluded)— Good and choice beefs 4.00® 4.75 Cutter, common and medium.. 2.50® 4.00 CALVES AND VEALERS Receipts, 700", market, ateady. —Vealers— Good and choice $ B.oo® 8.50 Medium 6.00© 8.00 Cull and medium 3.50® 6.00 —Calves—-(2so-300' Good and medium 5.00® 7.00 Common and Medium 3.00® 5.00 STOCKERS AND FEEDER STEERS Good and choice 5.50@ 7.50 Common and medium 4.00® 5.50 (800-1.500) Good and choice 5.75® 7.50 Common and medium 4.00® 5.75 SHEEP AND LAMBS Receipts, 1,100; market, steady. Good and choice $ 7.50® 8.75 Common and medium ••. 5.00(a) 7.50 Ewes, medium and choice ... 1.75® 2.50 Cull and common I.oo® 1.75 Other Livestock By Times Special LOUISVILLE. Ky., June 19.—Hogs—Receipts. 800; market. 10c higher; 225 lbs. up, $6.95; 165-225 lbs.. $7.50; 130-165 lbs., $6.83; 130 lbs. down, $6.20; roughs, $4.45® 5.45; stags. $3.70. Cattle —Receipts, 200; market, slow; prime heavy steers, s6®7; heavy shipping steers, $5.50@6; medium and plain steers. [email protected]; fat heifers, [email protected]; common to good heifers, s4® 5.50; good to choice cows, [email protected]; medium to good cows, [email protected]; cutters, $2.25®2.75; canners, $1.50@2; bulls. s3@4: feeders, [email protected]; Stockers, $3®5.50; calf receipts, 350; market, steady, good to choice, s6@7; outs, $5.50 down. Sheep—Reieipts, 2,000; market, steady to 25c lower; ewe and wether lambs, $0; buck lambs, $7; seconds, $5; sheep, sl@2. Thursday’s shipments—Cattle, none; calves. 269; hogs. 133; sheep, 2.473. By United Press EAST ST. LOUIS. June 19.—Hogs—Receipts. 7.000: opening hog scale weak, later trade. 10@15c under Thursday; early top. 57.75; bulk. 150-250-lb. weights on later rounds. $7.60®7.65; 302-315-lb. weights. 37.25(5)7.50; 130-150 lbs.. 57.50®>7.60; sows, largely. [email protected]. Cattle—Receipts. 1.500; calves. 800; virtually no steers; other classes in light supply; generally about steady: top heifers. [email protected]; cows. $3.50 @4.50; low cutters, [email protected]: medium bulls. $4 down: good and choice vealers. $8.25. Sheep—Receipts. 2.500; generallv steadv; good choice graded lambs to packers, $8.25 @8.50: other lambs, largely $8.25; throwouts largely S4: fat ewes. $2 down. Lambs. 90 lbs. down. [email protected]: medium. $6.50 @7.50; all weight? common. [email protected]; ewes, 90-150 lbs., medium to choice. [email protected]: all weights, cull, common. 50 cents to $1.25.

By United Press FT. WAYNE. June 19.—Hogs—Market, 5c higher; 100-140 lbs.. $7; 140-160 lbs., $7.15; 160-170 lbs.. $7.30: 180-225 lbs.. $7.45; 225275 lbs.. $7.30: 275-325 lbs.. $7.15: 325-400 lbs.. $7: roughs. $5.25: stags. $3.50. By United Press CINCINNATI. 0.. JUne 19.—Hogs—Receipts, 2.700; heldover, none: 10 cents to 20 cents higher; heavy hogs and sows, barely steady: later trade dull: soma unsold: bulk 170-240 lbs.. $8: a few 260280 lbs.. 67.4037.50: 120-150 lbs., largely $7.50: bulk sows. 65.50© 5.75; a few up to $6. Cattle—Receipts. 300; calves. 32a; better grade steers and she stock scarce, active, fully steady: grassy kind slow; bulls. 25 cents lower; most steers and heifers. $5.50® 6.50: a few better grade heifers, $7.7538.25; beef cows mostly, [email protected]; good kind up to [email protected]; low cutters and cutters, mostly 52.2533.50: bulk bulls. $3.25 34.25: few. $4.50; good and choice vealers, $7.503 8.50; lower grades. S * .50 down. Sheep—Receipts. 2,300: mostly, sfwady; lower grade lambs dull, tending lower: bulk better lambs around. $8.50; choice, ewe and wethers up to $9: load of prime lambs. $9.25: buck lambs, mostly $6,503 7.50: seconds, largely. ss@6 50; oulk clipped ewes, $2 and below. By United Press CLEVELAND, June 19.—Hogs—Receipts. 900; holdover, none; steady to mostly 10c higher; pigs 25c up; 230 lbs. down, largely $8; 240-250 lbs., $7.75; packers 300 lbs., $7.50; little interest In plain kinds; cows, $535.25 or above. Cattle—Receipts, 300; around steady; steers of [email protected] value predominating: good yearlings, $8.25; cutter kinds, $537.50: scattered low cutter to good cows, $2.5035; calves, receipts, 300; nearly steady with Thursday’s average: better grade vealers, $9.50 3 10; early heavy kinds, $738: little of light weights, under $8.50. Sheep—Receipts. 300: quotable near steady; but little here to test prices; scattered cull lambs under $7 By United Press TOLEDO. June 19.—Hogs—Receipts. 200: market, 10315 c higher: heavies. 56.753 7.25: mediums. $7.2537.50; vorkers. $7 653 7.85: pigs, $7.5037.75, Cattle—Receipts, light; market, strong; calves, receipts, light; market, strong. Sheep—Receipts, light; market, slow and weak. By United Press EAST BUFFALO. June "*■l9.—Hogs—Receipts. 1.500; active, steady to 10c higherbulk desirable 120-230 lbs.. $3.10; 250-280 lbs. S7.T>3B: packing sows, $5 3 5.60 Cattle—Receipts. 225; mostly cows; steady to weak, cutter grades. $233.75: good steers. SB. Calves—Receipts. 800; vealers unchanged: good to choice, K n- ro*nmon and medium, $738. Sheep Receipts, 1.500: better grade lambs steady at rec..u decline; others weak to lower: good to choice, moderately sorted. 58.5039; closelv sorted Kentucky iambs bid. $3.50;. throwouts and medium kinds, $6.75©7.75. By United Press PITTSBURGH. June 19.—Hogs—Receipts. 900; market, mostly 25c higher; 140-220 lbs.. $7.8538.10; 230-270 lbs., $7.50®7.75; 290-320 lbs.. $7.2037.40; 100-130 lbs.. $7.65 38: medhim to good packing sows. ss® 5 50. Cattle —Receipts, 60; market nominally steady. Calves—Receipts, 150: market slow about steady; choice vealers up to $9. Sheep—Receipts. 500; lambs around 50c lower; better grade mostly $9 downward. By United Press LAFAYETTE. June 19.“ Hogs—Market, rteadv to 5c higher: 160-203 lbs.. $7.35; 200-223 lbs.. $7.35: 223-250 lbs.. $7.23; 250275 lbs.. $7.15: 275-300 lbs.. $7; 300-325 lbs.. $6.85: 140-160 lbs.. $7; 120-140 lbs., $6.85: 100-120 lbs.. $6.75; roughs. $3.50 down; ton calves. $7.50, top lambs, $7.50.

Bright Spots of Business

May business failures fewest since last November, according to Bradstreet's. Franklin Automobile Company resumes operations in ail departments. Mahoning Valley steel sheet output expects to rise following price advance. Chevrolet registrations in Detroit first fen days of June, 126 per cent above like period 1930.

Fruits and Vegetables

FRUITS Apples—Boxes: Delicious. $2.8533.25; Staymen, $2.50® 2.75; Winesap. $2.25© Apricots—California. [email protected] a box. Avocados —Caiiiorn:a. s3@4 a dozen. Cantaloupes—California. Standard crates. $3.50; Jumbo. $3.50®4; ponv. 52.75; flat. $1.50. v Cherries —California. 52®2.25 an 8-lb. box. Grapefruit—Caifornla. $4.75 a crate; Florida, $2.50 a crate. Lemons-*Fancv California. ss@7 a Urate. Limes—Dominican. $2.25 a 100. Oranges—California. Valencia. $3.75@5: Florida, 54.50@5. Peaches—California. $5 a six-basket crate. * Pineapple—Cuban. 18s to 365. $3®3.50 a crate. • Plums —California. $1.'[email protected] a box. Strawberries—Homegrown. $2.50® 3.50 a 24-auart crate: Indiana and Kentucky. $2 @2.75. VEGETABLES Artichoke—California. SI a dozen. Asparagus—Home-grown, white. 50c a dozen bunches; long green. 60@75c. Beans—Southern, stringless. $1.75@2 a hamper: wax. $1.50@2. Beets—Home-grown. 50c a dozen bunches; $1 a bushel; new Texas. $1.75 a crate. Cabbage—Southern. $2.25 a 100-lb. crate. Carrots—Texas, new. $2.50 a 5-dozen-bunch crate. Cauliflower —Kentucky. $1.75 a bushel. Celery—California. 3-dozen-bunch crate. $5.50; washed. 75c n dozen: hearts, washed, 16-bunch crate. sl/75. Chives —$1.75 a dozen pots. Corn—Texas. $2.75 a 5-dozen crate. Cucumbers—Hothouse. 85@$1 a dozen. Eggplant—Florida. $2.75 a dozen. Garlic —California, white. 15c a lb. Kale —Home-grown. 50c a bushel. Lettuce—California Iceberg. $2.50@3 a crate of Is to 6s: leaf, home-grown. 60c a 15-lb. basket: head lettuce. Kentucky, $1 a bushel. Mint—Home-grown. 75c a dozen bunches. Mushrooms—7sc a lb. Mustard—Home-grown. 75c a bushel. Onions —Marion county, green. 25c a dozen bunches: new Texas, yellow. $1.40® 1.65 a 50-lb. bag; white. $1.90. Parsley—Marion county. 40c a dozen bunches. Peas Kentucky telephone. $1.75 a bushel. Peppers—Louisiana. $4 a hamper. Radishes—Button. 30c a dozen bunches: long white. 25c: long red. 25c. Rhubarb —Marion county. 30c a dozen bunches. Spinach—Home-grown, broadleaf, 50c a bushel. Tomatoes—Texas. 30-lb. lug, $1.50; repacked. 10-lb. carton. $1; hothouse. $1.25 a 10-lb. basket. Turnips—Texas. $1.25 a bushel: homegrown. 50c a dozen bunches. Watercress —Home-crown, 60c a dozen bunches. POTATOES Maine Greene Mountain—loo-lb. bag. $2: Michigan round white. 100-lb. bag. $1.85: Idaho Russet. 100-lb. bag. $2©2.25; Alabama. $1.75@2 a 100-lb. bag; Rose Florida. $2 a 100-lb. bag. Sweet Potatoes—Tennessee Nancy Hall, $2 a bushel.

In the Cotton Markets

(By Thomson £ McKinnon) NEW YORK, June 19.—The cotton market opened unchanged to two points higher. At noon prices were 6 to 7 points bettor and trading was dull. There was no rainfall, and in this connection, figures compiled by a local news agency show that for June to date, precipitation is well below the average. The same was true for April and May, Dun & Cos., in their trade review for Philadelphia, say gains in sales continue small. Sentiment shows further improvement. Ray, the Texas authority, says of the territory recently visited, conditions very unfavorable. Owing to large supplies, it will take a crop scare of more than ordinary intensity to lift prices very high, at the same time the crop is late and small and the weather should be closely watched. The market was still devoid of anything to interest the public when the afternoon session was half completed. We can not recommend anything further than a trading position on the long side at present because of general conditions. Cotton, if it might be thought of as independent of other markets, would be a purchase. NEW ORLEANS —June 19High. Low. Close. January 9.34 9.21 9.24 March 9.71 9.43 9.64 May 9.89 9.62 9.85 July 8.76 8.48 8.72 October 9.17 8.87 9.13 December 9JB. 910 9.34 NEW YORK High. Low. Close. January 9.48 9.22 9.45 March 9.67 9.41 9.63 May 9.83 9.61 9.86 July 8.75 8.46 8/.0 October 9.16 8.87 9.11 December 9.40 9,11 9.34 CHICAGO High. Low. Close. January 9.55 9.29 9.55 March 9.80 9.77 9.80 July 8.80 8.60 8.80 October 9.24 8.97 9.24 Decatnber 9.46 9.20 9.45

Net Changes

By United Press NEW YORK. June 19.—Closing prices and net changes on principal stocks traded on the New York Stock Exchange follow: , T Up. Off. Alaska Juneau 13% l American Can 99% . 'ii Amer & Foreign Power 24% ... % •Amer Telephone 164% % Atohison 150 3% “Auburn 15214 is. Bethlehem Steel 41% % Case 641a % Consolidated Gas 88 % i " General Electric 38)4 . Li General Motors 3314 1. International Nickel 11% u •Interntnl Telephone (unc.) 26% ... . LoeWs. Inc 38% ... >4 Montgomery Ward 17 5 g k “National Biscuit 62% ' 1% N Y Central 83s, . 21 1 Pennsylvania 4S 1% Radio (unchanged) 14% Radio-Keith 12% *% Sears Roebuck 50% " Sinclair 7% ’iL Standard Oil. Cal 36 2 Standard Oil. N. J 35 >4 '" Standard Oil. N. Y 15% % Union Carbide 46% '% United Corp 21 % * t; U. S. Steel 86% % Vanadium (Unchanged) ... 27 Westlnghouse Electric 56% i ' .. •Ex-dividend. Deaths Joseph GUspy, 86, 2445 North Gal# apoplexy. George Thomas McCain. 49. St. Vincent's hospital, acute myocarditis. Ruth Silverman, 30. Methodist hospital acute cholecystitis. Jack Stewart. 2, Riley hospital, hpostatic pneumonia. Mary E. Sheean, 85, 333 North Liberty, arteriosclerosis. Bernard J. Morley, 38, 2249 Jackson, lobar pneumonia . Louisa Ellen Howard. 80, 616% Virginia arteriosclerosis. Frederick KleTker, 79, 622 Buchanan acute cardiac dilatation. William McCullough. 67. city hospital chronic myocarditis. Donald V. Griffith. 3 days. 1518 Hollidav, premature birth. Emma Hardy, 85. 1333 Kappas, arteriosclerosis. Richard Beamer. 20. city hospital, miliary tuberculosis. Jackie Lee Jaynes. 2 mos.. 831 W. Washington. accidental strangulation. Mattie G. Foster. 35. 2049 Ralston, acute cardiac dilatation. Victor Nunn. 40, 2611 Paris, pulmonary tuberculosis. 1 rula d ted r LS° P ' "* CUy hOSPIUI - itr ‘ D * tuberculosis. 1 * 1, 535A A cel ’ Plenary Monroe Farrol. 24, city hospital, tuberculous meningitis. RAW SUGAR PRICES —June 19— .. . High. Low. Close. March 1.46 1.44 1.44 May 1.51 1.50 1.50 J’-lF 1 22 1.20 1.20 September 1.30 1.27 1.27

WHEAT CLOSES STRONG AFTER INITIAL SLUMP Rally at Winnipeg Largely Responsible for Late Upturn. BY HAROLD E. RAINVILLE United Press Staff Correspondent CHICAGO, June 19.—Wheat was unsettled on the Board of Trade today, finishing firm after recovering from the new low levels set during the morning. A rally at Winnipeg was largely responsible for the local market’s regaining part of its loss. There was less pressure today. Although Canada received more moisture, most of the rain was in the northern sections while the drought is centered in the south. The trade was not disposed to follow advances. Corn was irregular, shorts supporting July and December meeting selling. Oats followed corn but had a dull day. No Rain Predicted At the close wheat was % to a s cent higher, corn was % to % cent higher and oats were % to 3 s cent higher. Provisions were around steady in a dull trade. Liverpool was uneven during the late trading and closed "a to 1% cents lower. The forecast was for cooler weather in the American northwest, but no rains were predicted. Operators assumed a waiting attitude after the early activity. Cash prices were 2to 3 cents lower. Receipts were 102 cars. Corn Tone Firm Com had a firm tone, July holding around Thursday’s 'closing levels. Receipts did not increase as much as expected. The deferred months were off fractionally owing to selling on the good prospects for the new crop. At mid-session prices were unchanged to cent lower. Receipts were 95 cars. Cash prices were unchanged. Oats followed com mostly during the morning. Commission houses were fair buyers of July, but locals sold on advances. The market stood unchanged to % cent up early. There was no special news. Cash prices were unchanged. Receipts were 22 cars.

Chicaa.o Grain Table •—June 19— WHEAT— Prey. Open. High, Low. Close, close. June.., 68>a .68% .68 , 68% .68% July... ,55% .56 .55% .55% .56 Sept... .55% .56% .55% .56% 56 Dec 59% .80% 59% .60% .59% CORN— July... .55% .56% .55% .56% .56 Sept... .52% 53 .52% .521, .52% Dec... .46 46% .45% .46% .46% OATS— July... .25% .25% .25% .25% 25% Sept... .251, .36% .25% 26% .25% D rye— 28 *“ 29 28 ** ' 2Bl '’ ' 285/s July... .35% .37% ,36% .37% .36% Sept... .38' 4 39 .38% .39 .38% Dec... .40% .41% 40% .41% .41% LARD— July 7.95 8.00 7.92 8.00 8.00 Sept 8.07 8.07 8.02 8.07 9.10 Oct 8.07 8.07 8.02 8.05 9.10 BELLIES— July 9.27 9.30 Aug .... 9.35 9.35 Sept 9.50 9.50

Cash Grain

—June 19 — The bids so, car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41 tic New York rate, were: Wheat—Steady; No. 1 red, 69® 70c; No. 2 red, 68@69c; No 2 hard, 68@69c. Corn —Steady; No. 2 white, 52®54c; No. 3 white, 51©53c; No. 2 yellow. 50@52c; No. 3 yellow, 49®51c; No. 2 mixed. 48%©49%c; No. 3 mixed 47%@48%C. Oats —Steady; No. 2 white, 23@24c; No. white, 22%@23tic. Ha'-—Steady (F. o. b. country points taking 23tic orl ess rates to Cincinnati or Louisville), No. 1 timothy. 512.50@13; No. 2 timothv. sll @11.50: No. 3 timothy. [email protected]; No. 1 light clover mixed, $10.50; No. 1 clover mixed. slo® 10.50; No. 1 clover hav. $8.50@9. —lnspections Wheat—No. 1 red, 3 cars. Total, 3 cars. Corn—(.New); No. 1 white. 1 car; No. 2 white. 3 cars; No. 3 white, 5 cars; No. 4 white. 1 car; No. 5 white, 1 car; No. 6 white. 1 car; No. 1 yellow, 1 car; No 2 yellow, 9 cars; No. 3 vellow. 6 cars; No 4 yellow. 4 cars: Sample yellow 4 carsSample yellow, 1 car. Total. 33 cars. Oats —No 2 white. 13 cars: No 4 white, 1 car Total. 14 cars % By Times Special CHICAGO. June 19.—Carlots Wheat, 185; corn, 100: oats, 19; rve, 3. and barley. 11. By United Press CHICAGO. June 19.—Cash grain close: Wheat—No 1 northern, 80%c. Corn—No. 2 mixed, 56%@56%c: No. 3 mixed. 56c: No. 1 yellow. 57@57%c: No. 2 vellow. 56% :->/%c: sample grade. 49@54%c. Oats— No. 2 white. 26@26%e: No. 3 white. 25'ic. Rye—No. 4. 34c. Bariev—37@ssc. Timothy—s7.so®B. Clover—sll.2s® 18.25. By United Press TOLEDO. 0.. June 19.—Cash grain close: Grain on track. 28 %c rate. Wheat—No. 2 red. 7a@i6c; No. 1 red. 1 cent premium, '-om—No. 2 vellow. 55%©56%c: No. 3 ye ow. 54%@55%c. Oats—No. 2 white. 26%@21 %c: No. 3 white. 25%@26%c. Clover—Domestic prime, old. $13.50; prime new. $13.75; prime choice, new. sl4; prime, choice, old, $13.75; October. $13.75; December. sl4. Alsike—Cash. sl4. Butter— Fancy, creamery. 28c Eggs—Country run, 14® 16c Hay—Timothy per cwt.. $1.25, By Times Special CHICAGO. June 19.—Primary receipts: Wheat. 686.000 against 943000: corn. 382.000 against 552.000; oats. 150.000 against 784.000. Shipments: Wheat. 651.000 against 473.000; corn. 333.000 against 501,000; oats. 452,000 against 366,C00.

Indianapolis Stocks

—June 19— American Cent Life Ins Cos. Belt R R & S Yds Cos com.. 30 35 Belt RR & S Yds Cos pfd 65.. 49V a 55 Bobbs-Merrill Cos '.. 20 26% Central Ind Pow Cos pfd 75.. 73>4 83' Circle Theater Cos com 7s 100 Citizens Gas Cos com 10s 21 Citizens Gas Cos pfd 5s 95 io2 Common with Loan Cos pfd. 7s 97 101 Commonwealth In Cos pfd Bs.. 100 Hook Drug com 7 Indiana Hotel Cos Claypool c 105 Ind Hotel Cos pfd 6s 100 Indpls Gas Com 6s 56% 59% Indols Pw Lt Cos pfd 6%5.103% 105 Ir.apls Pub Wei Ln Assn cm 8s 50 InapiS Wa Cos pfd 55... ... 100 Pub Scrv of Ind 7s 97 ='- 161 Pub Servos Ind 6s 83 83 Metro Loan Cos 8s 101 North Ind Pub Ser Cos pfd 5%s 93 98 No Indiana Pub Sv Cos pfd 65..100 104 No Indiana Pub Cos 7s 110 F, Rauh & Sons Fert Cos Dfd 6s 47 Shareholders Invest Cos 8 Ter Haute Tr & Li Cos pfd 6s 85 Union Title -Co com 3s 15 Van Camp Prod co im pfd 7s .. 93 Van Camp Prod Cos 2d pfd 8s 93 Backstay Welt Cos com 13 16 , Ind Pipe Line Cos 11% 12% | Lir.k Belt com 21 23 ; Lynch Glass Machine Cos com 17 18 j Nobliti Soarks Industrials Inc 31% 32% : 'Perfect Circle Cos com 28% 30 1 Real Silk Hosiery Mills Inc co. 6% 7 Standard Oil Cos 'lndiana! 24 24% J D Adams Manufacturing Cos 18 30 •Ex dividend. BONDS Belt R R & Stk Yds Cos 4s . , *** Cent Ind Gas Cos 5s 99 Cent Ind Power Cos 6s ino Citizens Gos Cos 5s 100 Citizens Street P.allroed 5s ... 21 25 Home T&T Os Ft. Wayne 6s. 102% ... Ind Railw £c Light Cos 5s 93 Indp’s Pow & Li Cos os 103% Indpls Gas Cos 5s 102 Indpls Street Rvs 4s 12 IndpiS Trac Terminal Cos 55... 44 Indpls Union Ry 5s 102 Indpls Water Cos 5%s ’54 104 Indpls Wat Cos Ist lien ref ss. 100 Indpls Water Cos 4%s 99% 100% Ir.dpls Water Wks Sec Cos 55.. 89 Interstate Pub Ser Cos 4%5.. 93% ... Interstate Pub Ser Cos (B> 6%5105 Interstate 5s 99 No Ind Pub Serv Cos 5s 103 Terre H T <fc L 5 94 Building Permits American Can Company, addition 1736 South East. SBSO. Gulf Refining Company, tanks and pumps. 1910 South State. $2,000 Gulf Refining Company, addition. 1910 South State $5,000. R. Phillips, remodel porch. 543 Tecumseh. SSOO E. T. 80-chert, addition. 2636 Northwestern. S4OO,

Dow-Jones Summary

Daily average volume of federal reserve credit outstanding in week ended June 17 totaled $941.000 000. a decrease of $7,000,000 over preceding week, but *65.000 000 below like week In 1930. Bills discounted off $22,000,000 from ypar ago to *185.000 - 000. May eigaret production Increased 146.663.33S over rear ago to 10.448.056.840. Cigars decline 60.931.503 to 499.797.661. Snuff off 45.963 pounds to 3.397.856. Manufat.ured tobacco off 1.763.360 pounds to 27.381.881. Pere Marquette Railway May net loss $158,342 alter taxes and charges against net income of $181,964 in May. 1930. Five months net loss $647,839 against net income of $874,045. or 85 cents a common share in like period of 1930. Associated Apparel Industries omits 33 1-3 cents cash and I 1-3 per cent stock dividend on common stock, due at this time. Fashion Park Associates May net sales, excluding sales between companies reporting and companies controlled but not wholly owned, amounted to $1,477,509, against 51,790,734 in Mav. 1930. Five months $8,952,743 agumst $11,142,051. Brokers' loans decreased *71.000.000 in week to SI.419.000.000; non-brokers' loans off $14,000,000. Reserve system ratio 85.2 per cent, against 84.4 per cent week ago and 83.3 per cent a year ago. New York ratio 91.3 per cent, against 91.2 per cent and 85.9 per cent, respectively. Rediscount unchanged 4t 1% per cent. St. Lawrence Corporation. Ltd., omits quarterly dividend of 35 cents on class A stock, due at this time. American Natural Gas Corporation and subsidiaries in March Quarter earned $1.64 a common share. Signode Steel Stappir.g Company voted to defer action on dividend of 62% cents a share on convertible preferred stock, payable July 15. St. Lawrence Paper Mills Cos. Ltd. omits quarterly dividend of 75 cents on preferred stock, due at this time. Standard Oil of California raises prices on purchases of crude oil 20 to 40 cents a barrel on average grades. Major Oil companies of Pacific Ooast advance wholesale gasoline prices from 5% cents a gallon to 13 cents in Los Angeles and 13% cents lu San Francisco. Net? Bradford Oil Company omitted quarterly dividend of 7 cents, due at this time. Pitney-Bowes Postage Meter Company declared a dividend ol 3 per cent in stock in lieu of quarterly dividend of 5 cents In cash, parable Oct. 1, of record Scot. 15. New York cables opened in London at 4.86 15-32, against 4.86 2-3; Paris checks. 124.21; Amsterdam, 12.082: Italy, 92.915; Berlin. 20.50.

Produce Markets

Eggs (country run)—Loss off delivered In Indianapolis. 12c: henerv quality. No. 1. 14c; No. 2. 9c. Poultry (buying prices)—Hens weighing 5 lbs. or over, ltc: under 5 lbs., 17c; Leghorn hens. 14c; 1930 broilers, full feathered i% lbs. and ud. 23c: inder 1% lbs.. 20c: bareback. 16c: Leghorn broilers. 19c; ducks. 9c: old cocks. B@9c: ducks, full feathered, fat whites. 9c: geese. 6c. These prices are for No. 1 top quality, quoted bv Kingan £ Cos. Butter (wholesale'—No, 1. 25®26c: No. 2. 23©24c. Butterfat—2oc. Chese (wholesale selling price per pound) —American loaf. 22c; pimenio loaf. 24c; Wisconsin firsts. 17%c: Longhorns. 17%c; New York limbereer. 30c. By United Press NEW YORK. June 19.—Potatoes— Market, weak; Southern. 51.5053 barrel; Maine, 51.75ffi2.95 barrel: Bermuda. S4(a 4.50 barrel; Canada. $1.40® 1.60 barrel. Sweet potatoes—Steadv; Jersey baskets. [email protected]; Southern baskets. 52.25'a 2.50. Flour—Market, quiet and steady; spring patents. [email protected]. Pork —Market, firm; mess. $22.50. Lard—Market, dull; middlewest spot. [email protected]. Tallow—Market, quiet: special to extra. 3%@3%e. Dressed poultry—Market, steady; turkeys. 25® 45c: chickens. 25@37c; broilers. 25@39c: fowls, 12© 27c: Long Island ducks. 16@T8c. Ll-e poultry—Market, firm: geese. 10@13: ducks 13@23c; fowls. 18@22c: turkeys. 15@25c; roosters. 13fa>14c; broilers. 18®35c. Cheese —Market, firm; state whole milk, fancy to special, 12%@23c: young America. 14% @19%. J By United Press CINCINNATI. 0.. June 19.—Butter— Stead** creamery in tub lots, according to score. 19@31c; common score discounted. 2@3c: packing stock No. 1. 18c; No. 2. 12c; No. 3.8 c; butterfat. 17@19c. Eggs— Steady: cases, included: extra firsts, 16c; firsts. 14%c: seconds. 14c; nearby ungraded. 15%c. Live poultry—Thin and coarse stock sell only at heaw discount; f fowls. 5 lbs. and over. 18 %c: 4 lbs. and over. 18c; 3 lbs. and over. 17c; Leghorns. 3 lbs. and over. 14c; roosters, lie; broilers, colored. 1 lb. and over. 24c: 1% lbs. and over. 25c; 2 lbs. and over. 29c: fryers. 3 lbs. and over. 30c: partly feathered. 15@20c: Leghorn broilers. 1 lb. and over, 20c; black springers, 20c: 1% lbs and over, 23c: 2 lbs. and over. 23c, By United Press CHICAGO, June 19.—Eggs—Merket, steadv; receipts 22,260 cases; extra firsts, 15' tc: firsts. 15c; current receipts. 14c, seconds, 12%c. Butter—Market, steady; receipts. 15.479 tubs: extras. 21 %c; extra firsts, 20%®21e; firsts. 19@19%c: seconds, 17@18c: standards. 22c. Poultry—Market, easy; receipts. 1 car: fowls. 18@19%c----springers. 23c: Leghorns, 14%c; ducks. 14® 17c: geese 17c; turkeys, 13©20e; roosters, 12%c; broilers '2 lbs.). 24c; broilers (under 2 lbs.). 22c; Leghorn broilers. 16@18%c. Cheese—Twins. 12%@12%c; Young Americas, 12@12%c. Potatoes—On track. 249arrivals. 89; shipments. 122; market slightly weaker. Louisiana Texas, Mississippi and Arkansas sacked Bliss Triumphs. $1.50 @1.55; Alabama Triumphs. [email protected]; North Carolina barrels Irish Cobblers [email protected]. By United Press CLEVELAND. June 19. —Butter—Extras 25%c; standards, 26c; market, steady’ Eggs—Extras. 16c: firsts. 15%c; market, steady. Poultry—Heavy fowls, 21c; medium. 22c: Leghorn fowls, I7c; heavy br#.lers. 17@22- ducks. 15®22c: old cocks. 12c; geese. 10® 13c; market. steady Potatoes—North Garohna cobblers best 52.60®2.75; mostly; $2.65 per barrel

New York Curb Market

(Bv Thomson & McKinnon' > —June 19Close close Am Com Put.. 11%‘Int Pete ... 10 Am Gas & El. 57% Midwest U 16% Am Lt & Tr., 35% Mo-Kan Pipe. 4% Ark Gas 3% Mt Prod 3Vs Brazil Pw & Lt 14% National Sus-ar 30 Can Marc .... 2% Nia Hud Pwr. 10% Cities Serv 10% Penroad 5% Cons Gas . 84% Prince & Whtlv 1% Cord 7% Salt Creek . . 4% Crocker Wh... 9 Sel Indus 2% Durant Mot ... 1% Shenandoah 4% Elec Bond Sh.. 34 Std of Ind . 24'• Ford of Can.. 16V B Std of Kv .. 17% Ford of Eng... 10% Un Gas (new).. 6% Fox- Theater .. 3 ifn Lt & Pv,r.. 20 Goldman Sachs s'g Un Verde .. 5% Humble Oil 56 Ut & Indus.... 5% Insull Ut .... 25 ;Ut Power 7% Int Super .. . 20% Vacuum Oil 37%

New York Bank Stocks

(By Thomson & McKinnon) Bid. Ask America 42 45 Bankers 92% 95% Brooklyn Trust .... 405 415 Central Hanover 218 227 Chase National 69 % 72% Chatham Phoenix Natl. 59% 62% Chemical 42’, 443^ City National 71% 741,* Corn Exchange 94 98 Commercial 232 242 Continental 1734 Empire 46% 49% First National 3 275 3 175 Guaranty 434 ' 43 q Irving 29% 3i5. Manhattan & Cos 70 73 Manufacturers sat. 4 0% New York Trust .'. 136 Public 4s

4-YEAR DEATH CELL VIGIL ENDS IN ‘CHAIR’ Mexican Slayer of Sheriff Finally Is Executed in Texas. HUNTSVILLE, Tex., June 20.— A four-year wait for death ended Friday for Ofilio Herrera, 40, a Mexican farmer, when he was electrocuted for conviction of killing Sheriff A. T. Murray of Mason county. Herrera had spent more time in the death cell than any other man in Texas history. Twenty times during his stay he watched other convicts walk to trie death chamber while his own similar trip was postponed again and again, usually by technicalities. The Mexican smoked a cigaret as he walked to his death. Sitting in the chair, he spoke briefly, declaring that Antonio Chavez had not been implicated with him in the murder. Chavez still 1$ trial.

-JUNE 20, 1931

U. S. TREASURY CUTS MILLIONS FROM DEFICIT Second Installment Income Tax Payments Below Those of 1930. WASHINGTON. June 19.-Th treasury deficit has been reduced by the northwest where moisture is second installment income tax paystatements showed today. Receipts from income taxes tabulated on June 17 aggregated SB9910.855. Receipts for the month were $165,807,977. The deficit has been above a billion dollars fer several weeks now and the reduction inaugurates a downward trend which will continue gradually until the end of the fiscal year. June 30. May Re Lowered Treasury officials believe by the first of July the deficit will be something less than $900,000,000. Expenditures in the fiscal year to date now aggregate $4,086,840,254. with receipts for the same period shown today to have been $3,140,884.230. The deficit on the previous daf, June 16, was $1,017,241,877. Income tax receipts as applied to operating expenses were offset slightly by payments on June 17 of some $16,000,000 of interest on the public debt. Collections Behind 1930 Income tax collections are far below those for June last year, which aggregated $339,131,824 on June 17, 1930. and for that month. Total income tax collections in the fiscal year to date are $593 - 238,006 below those for the corresponding period in the previous fiscal year. To date they aggregate $1,730,436,859. For the corresponding period last year they were $2,223.674.865. At* this time last year the government had a surplus of $79,321,740. $36,000 IS WILLED TO MASONIC HOME Bequest Effective on Death of ExFire Chief’s Stepmother. Estate of J. Harry Johnson, former Indianapolis fire chief, valued at approximately $36,000, was given to the Indiana Masonic home at Franklin in a will probated in the Marion probate court Thursday. ' * The entire estate will go to the institution upon the death of Mrs. Mary E. Johnson, stepmother, who receives a life income of S6O a month. John C. Loucks. former fire chief, was named executor. Mr. Johnson died Sunday at the Methodist hospital. He served in the fire department thirty years and was chief from 1914 to 1918. He was a member of the Scottish Rite, Murat temple and other Masonic bodies. /

STIMSON NOT TO BE IN EUROPEAN PARLEYS U. S. Secretary Not Invited to Attend Geneva, Berlin Conferences. By United Press WASHINGTON, June 20.—The state department said Friday that Secretary Stimson had not been invited to participate either in the Geneva conference of European minister July 13 or in the BritishGerman conversations at Berlin, four days later. The secretary soon will sail for Italy. $ Stimson’s associates do not anticipate an invitation will be given the American secretary, inasmuch as both meetings seemed designed to treat primarily European problems, although the Berlin conversations will deal in part with the debtreparations situation in which tho United States has an interest. TROLLEY CONDUCTOR TO BE BURIED SATURDAY C. A. Brown Was Employe of City Rail Company Ten Years. Charles A. Brown, (53, died Thursday afternoon at his residence, 743 Prospect street. For ten years ha had been a conductor for the Indianapolis street railway. He had been a resident of indianapejis twenty-two years. Survivors are the widow, Mrs. Anna Brown; a son. William Brown; a daughter, Lalah Brown, all of Indianapolis, and a brother, Albert Brown, Chicago; a brother, Arthur Brown. Lebanon, Ind., and a sisto, Lalah Mcßroom of Lebanon. Funeral services will be held Saturday morning at the residence. Interment will be at 10 at St. Joseph cemetery. GRAND JURY INDICTS < ALLEGED CAR KILLER Morris Fairbanks Charged With Failure to Stop in Crash. Morris Fairbahks, 21, of 326 East Henry street, Friday was indicted tv the Marion county grand jury cn a charge of failure to stop after an accident, as the alleged driver of tha death auto that struck and killed' Hobart Myers, 19; of 1112 North Rural street. Myers and a girl companion were walking along Madison road south of Indianapolis the night of May 10. when he was struck. Myers was torn from the girl’s arm and thrown over an embankment. Fourteen others were indicted by the grand jury in true bills returned in criminal court. Nine persona were discharged. TRAPPED DIVER SAVED Brought to Safety After Hours Under 15 Feet of Mud, Water. By United Press ' LONDON, June 20.—After hour3 of frantic effort by rescue workers A JlUm Milton, diver, was saved date Friday from imprisonment* alongside a steel cylinder under fifteen feet of mud and water. The cylinder slipped from its moorings in a project at the new Ford woraa at Dagenham, near London. Marriage Licenses Earl Charles Wiseman. 32. Indianapolis, „ meat market proprietor, and Wtlhelmlna streef alr ' 28 ‘ 146 Wesc £ri B. Chlvtr.gton. 24. of 431 North vLVI, t , r £ e£ ;.. knl , tter - *nd Mary Elizabeth ' i 8 - < 3l North *tre#t. ? all P er - 31. Valley Mills, laborL** Mann. 20. of 1944 West York street houseworker. F arcl n. 19. of 426 North East i'reet. Cierk. and Arvilto Hines. 17, of $23 *at Maryland straeu i